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Allaying worries that fostering the new development pattern will produce a closed domestic loop, Han told the press that deeper involvement in international circulation is an integral part of China's efforts to establish a new development pattern.

The investor confidence index, compiled by the SIPF, declined slightly in August after increasing for four consecutive months. The reading came in at 61.5, down by 4.9 percent from July, but still higher than the average reading of 59.2 recorded in the second quarter.

Xi, also general secretary of the Communist Party of China (CPC) Central Committee, made the remarks in a phone conversation with Nguyen Phu Trong, president of Vietnam and general secretary of the Communist Party of Vietnam (CPV) Central Committee.

The opening up has been continuously expanded, people's living conditions have seen marked improvements, and the modernization of the governance system and capacity has been accelerated, Xi said.

Noting that China follows an independent foreign policy of peace, Xi said it is committed to the path of peaceful development.